Which of the following is most commonly used to monitor short-run changes in economic activity?
A)the inflation rate
B)real GDP
C)aggregate demand
D)aggregate supply

Question

Quizplus · Accepted Answer

Real GDP (Gross Domestic Product) is the most commonly used measure to monitor short-run changes in economic activity because it reflects the total value of goods and services produced in an economy over a specific period of time (usually a quarter or a year). Real GDP is considered a key indicator of economic health and growth, and is used by policymakers, investors, and economists to assess the state of the economy and make informed decisions. The other options, such as inflation rate, aggregate demand and aggregate supply, are also important indicators, but they are not as commonly used to track short-run changes in economic activity.

Which of the Following Is Most Commonly Used to Monitor